Bionet vs Thermo Fisher Scientific: Fair Value & Quality
Both stocks run through our valuation models. Here is how Bionet (1784) and Thermo Fisher Scientific (TMO) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Thermo Fisher Scientific as the less overvalued of the two: Bionet trades at TWD 61.80 versus a fair value of TWD 17.56 (-72%), while Thermo Fisher Scientific trades at $594 versus $308 (-48%).
Bionet
1784.TWO · TWD · Health Care
-72%
upside to fair value
overvalued
PriceTWD 61.80
Fair ValueTWD 17.56
Quality48/100
Thermo Fisher Scientific
TMO · USD · Health Care
-48%
upside to fair value
overvalued
Price$594
Fair Value$308
Quality63/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
BionetThermo Fisher Scientific
Valuation
59.4×P/E (TTM)29.5×
2.39×P/S (TTM)4.41×
2.37×P/B3.74×
—EV/EBITDA20.0×
—PEG1.74×
1.4%Dividend yield0.3%
TWD 0.87Dividend per share$1.76
Profitability
4%Net margin15%
-2%Operating margin18%
-0%Return on equity14%
-0%Return on assets5%
Growth
8%Revenue growth (YoY)6%
8.0%Avg. growth/yr (3Y)-0.3%
8.9%Avg. growth/yr (5Y)6.7%
Balance & size
—Debt / equity0.67×
$94MMarket cap$199B
mixedGrowth qualityhealthy
Bionet leads: 6 to 5 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Bionetof which business quality 51 · market factors 31Thermo Fisher Scientificof which business quality 60 · market factors 65
ProfitabilityMargins and returns on capital today
29
43
Quality GrowthAre margins and returns improving?
47
31
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
43
79
Low VolatilityCalm price path (market factor)
66
68
MomentumPrice trend over the last 3–12 months (market factor)
19
58
52W MomentumDistance to the 52-week high (market factor)
13
72
Net IssuanceBuybacks instead of dilution
77
97
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Bionet
DCF ModelsTWD 15.34
Earnings-BasedTWD 7.34
Dividend DiscountTWD 22.57
MultiplesTWD 17.56
Asset-BasedTWD 17.12
Growth DCFTWD 10.12
Economic ProfitTWD 19.00
Growth EarningsTWD 20.37
22 of 22 models see the stock below the current price.
Thermo Fisher Scientific
DCF Models$354
Earnings-Based$203
Multiples$308
Asset-Based$96.29
Growth DCF$288
Economic Profit$159
Growth Earnings$341
24 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Bionet
Bear TWD 13.17Fair Value TWD 17.56Bull TWD 21.95
TWD 61.80 = current price (white tick)
Thermo Fisher Scientific
Bear $175Fair Value $308Bull $385
$594 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Bionet · Health Care
Quality score48 · below median
Fair value upside-72% · bottom 25%
Thermo Fisher Scientific · Health Care
Quality score63 · above median
Fair value upside-48% · below median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees Thermo Fisher Scientific as the less overvalued of the two: Bionet trades at TWD 61.80 versus a fair value of TWD 17.56 (-72%), while Thermo Fisher Scientific trades at $594 versus $308 (-48%).
Thermo Fisher Scientific has the higher quality score (63/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
